on Battery X Metals (isin : CA86258H1001)
Battery X Metals' LIBRT to File Patents for EV Battery Innovations
Vancouver, BC – October 2, 2024 – Battery X Metals Inc. has announced that its portfolio company, Lithium-ion Battery Renewable Technologies Inc. (LIBRT), has engaged a leading Canadian patent law firm to file patents for innovative EV battery diagnostic and rebalancing technologies. These filings will cover advanced software, proprietary hardware, and a comprehensive integrated system.
LIBRT's Prototype 2.0 will incorporate these advancements, enhancing diagnostic accuracy and extending the lifespan of EV batteries. Key features include advanced SOH diagnostics, rebalancing technology, and user-friendly design improvements.
The growing demand for lithium-ion batteries is highlighted, with EV adoption driving increased need for efficient battery management solutions. LIBRT aims to address these challenges by reducing battery replacement costs and promoting sustainability.
The future market for battery diagnostic and rebalancing technologies is poised for growth, driven by regulatory initiatives and the rising number of EVs surpassing warranty periods. LIBRT's innovations are expected to play a significant role in this evolving landscape.
R. E.
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